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230 Pelham Rd Unit 4L 🏢 Co-op
B- Composite 66.55
Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +21.8/30.0
  • ARV discount +12.0/15.0
  • DSCR +7.0/10.0
  • Schools +5.9/10.0
  • 1% rule +5.7/10.0
  • Appreciation +4.3/10.0
  • Condition / age +4.0/5.0
  • Livability +3.5/5.0
  • Rent growth +2.5/5.0

$210,000

230 Pelham Rd Unit 4L · New Rochelle, NY 10805
1 bd · 1.0 ba · 700 sqft · Townhouse · 52 Days on market
Built 1953 Good condition Garage ↓ 12% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to 210 Pelham Road, Unit 4L an opportunity to create a home that feels completely your own. This freshly painted residence already features new flooring, stainless-steel appliances, and multiple closets, while still offering plenty of potential for your personal finishing touches. Residents enjoy access to a modern fitness center, co-working space, and community room. The building is ideally located near the waterfront and within walking distance of Downtown New Rochelle, Metro-North, restaurants, shopping, and entertainment. Subleasing is permitted after two years, subject to board approval and building rules, providing added flexibility for the future.

Key facts

  • New flooring
  • Waterfront location
  • Multiple closets

Tags

NEW FLOORINGSTAINLESS STEEL APPLIANCESMULTIPLE CLOSETSWATERFRONT LOCATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏢 Co-op / cooperative unit. The $210,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath townhouse listed at $210k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $326 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $210k).
  • Recommended offer: $204k (3.0% below list) — sets the bar for market timing.
  • Cap rate 8.2% vs local median 4.6% in New Rochelle — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 69/100 on livability (#487 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A, amenities B+; Watch: housing D+, commute F, cost of living F.
  • New Rochelle City School District (suburban): math 63% / reading 66% proficiency, ranked #171 of 590 in NY (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Trinity Elementary School (math 40% / reading 47%, grade F, #1,350 of 2,108 statewide, top 64%, 863 students, 66% FRL); Isaac E Young Middle School (math 47% / reading 62%, grade B-, #214 of 729 statewide, top 31%, 1,138 students, 76% FRL); New Rochelle High School (math 87% / reading 72%, grade A-, #518 of 1,100 statewide, top 51%, 3,076 students, 57% FRL) — zoned schools average 67% FRL vs 41% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 152 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-1.5%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

  • It's been on market 52 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $203,700 (3.0% below list)

Questions for the listing agent

  1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.07% ✓
Cap rate
8.16%
Cash-on-cash
6.65%
DSCR
1.30
GRM
7.8

CMA / ARV

ARV (median comp)
$233,156
List price
$210,000
Delta
-9.93%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
210 Pelham Rd Unit 5M 0.03mi 1/1.0 750 (+7%) 7mo $210,000 $280 81
70 Locust Ave Unit B101 0.45mi 1/1.0 700 (0%) 1mo $185,000 $264 78
60 Locust Ave Unit 214-A 0.45mi 1/1.0 700 (0%) 3mo $175,000 $250 77
200 Centre Ave Unit 3G 0.27mi 1/1.5 750 (+7%) 2mo $230,000 $307 72
208 Centre Ave Unit 5k 0.26mi 1/1.0 750 (+7%) 5mo $146,000 $195 72
70 Locust Ave Unit B505 0.45mi 1/1.0 720 (+3%) 6mo $193,000 $268 69
151 Centre Ave Unit 5C 0.41mi 1/1.0 750 (+7%) 1mo $165,000 $220 68
40 Davenport Ave Unit 1L 0.37mi 1/1.0 750 (+7%) 4mo $160,000 $213 67
156 Centre Ave Unit 2G 0.38mi 1/1.0 750 (+7%) 5mo $170,000 $227 66
450 Pelham Rd Unit 3H 0.51mi 1/1.0 750 (+7%) 0mo $175,000 $233 64
10 Davenport Ave Unit 1N 0.38mi 1/1.0 800 (+14%) 2mo $135,000 $169 56
25 Leroy Pl #509 0.50mi 1/1.0 796 (+14%) 5mo $425,000 $534 50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
0.2%
Equity multiple
1.01×
Total profit
$502
Equity at exit
$45,926
10-year hold
IRR
7.4%
Equity multiple
1.68×
Total profit
$39,894
Equity at exit
$44,274

Cash invested: $58,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
15 Strongly Tenant-Friendly
State New York
15 Strongly Tenant-Friendly · D+10
County
— inherits STATE
City
— inherits STATE
NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
30 active · 27 under contract
Months of supply
8.6 mo (12%/mo absorbed)
Median asking
$191,950 ($265/sqft)
Median days on market
64 d
This list price
60% of active listings are priced below it
ARV vs active asking
+25.8% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 10805

Home prices YoY
-0.5%
Active inventory
152
Price-to-rent
7.8×

Monthly cashflow live

Estimated rent
$2,250 high interval (Pro) →
Mortgage (P&I)
−$1,101
Tax est. 1.5%
−$262 /mo · $3,150/yr
Insurance
−$88
HOA
−$0
Vacancy / Maint / Mgmt
−$472
Net cashflow
$326

Break-even live

Break-even rent $1,837
Max offer price $210,000
Occupancy floor 81%

Sensitivity live

Price -10% $471 -5% $399 +0% $326 +5% $253 +10% $181
Rent -10% $148 -5% $237 +0% $326 +5% $415 +10% $504
Rate -1.0pp $432 -0.5pp $379 base $326 +0.5pp $272 +1.0pp $216

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$52,500
Closing costs
$6,300
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
230 Pelham Rd Unit 3o New Rochelle, NY 1.0 1.0 725 $2,095 $2.89 118d 1 0.02mi
220 Pelham Rd New Rochelle, NY 1.0–2.0 1.0 862 $2,045 $2.37 66d 3 0.02mi
220 Pelham Rd New Rochelle, NY 1.0 1.0 712 $2,325 $3.26 23d 2 0.02mi
220 Pelham Rd Apt 3F New Rochelle, NY 1.0 1.0 725 $2,095 $2.89 118d 1 0.02mi
230 Pelham Rd Apt 5O New Rochelle, NY 1.0 1.0 725 $2,000 $2.76 10d 1 0.04mi
3 Davenport Ave New Rochelle, NY 1.0 1.0 577 $2,449 $4.24 0d 1 0.30mi
126 Franklin Ave New Rochelle, NY 1.0 1.0 650 $2,000 $3.08 37d 1 0.38mi
160 Centre Ave Unit 3L New Rochelle, NY 1.0 1.0 750 $2,200 $2.93 94d 1 0.38mi
5 Prospect St Unit 2S New Rochelle, NY 1.0 1.0 650 $1,900 $2.92 10d 1 0.42mi
5 Prospect St Unit 2S New Rochelle, NY 1.0 1.0 650 $1,900 $2.92 53d 1 0.42mi
130 Centre Ave Unit 4B New Rochelle, NY — 1.0 452 $1,885 $4.17 184d 1 0.45mi
50 Clinton Pl New Rochelle, NY 3.0 1.0–2.0 1005 $4,654 $4.63 0d 12 0.46mi
46 Locust Ave Unit 2 New Rochelle, NY 2.0 1.0 750 $2,950 $3.93 159d 1 0.49mi
55 Clinton Pl New Rochelle, NY 2.0 1.0–2.0 822 $3,735 $4.54 0d 17 0.50mi
111 Centre Ave New Rochelle, NY 1.0–2.0 1.0–2.0 830 $2,605 $3.14 0d 12 0.52mi
25 Maple Ave New Rochelle, NY 1.0 1.0 547 $2,910 $5.32 1d 3 0.53mi
12 Church St New Rochelle, NY 2.0 1.0–2.0 770 $3,693 $4.80 0d 36 0.54mi
543 Main St #714 New Rochelle, NY 1.0 1.0 675 $2,450 $3.63 53d 1 0.60mi
504 Pelham Rd New Rochelle, NY 1.0 1.0 700 $2,300 $3.29 154d 1 0.60mi
360 Huguenot St New Rochelle, NY 1.0–2.0 1.0–2.0 859 $2,773 $3.23 0d 4 0.60mi
10 Lecount Pl New Rochelle, NY 2.0 1.0–2.0 761 $3,103 $4.07 0d 5 0.62mi
387 Huguenot St New Rochelle, NY 1.0–2.0 1.0–2.0 842 $2,665 $3.16 10d 2 0.62mi
40 Memorial Hwy New Rochelle, NY 3.0 1.0–2.0 917 $2,823 $3.08 79d 37 0.64mi
40 Memorial Hwy New Rochelle, NY 3.0 1.0–2.0 1009 $2,837 $2.81 0d 32 0.64mi
6 Webster Ave Apt B2 New Rochelle, NY 1.0 1.0 700 $2,300 $3.29 6d 1 0.66mi
325 Huguenot St New Rochelle, NY 1.0–2.0 1.0–2.0 989 $3,218 $3.25 2d 5 0.67mi
1 Shearwood Pl New Rochelle, NY 2.0 1.0–2.0 925 $3,286 $3.55 0d 24 0.72mi
100 New Roc City Plz Apt 413 New Rochelle, NY — 1.0 441 $1,950 $4.42 10d 1 0.73mi
72 Bayard St New Rochelle, NY 1.0 1.0 409 $1,800 $4.40 66d 1 0.79mi
3 Harbor Ln Unit 3A New Rochelle, NY 1.0 1.0 700 $2,500 $3.57 165d 1 0.80mi
10 Commerce Dr New Rochelle, NY 2.0 1.0–2.0 781 $3,308 $4.23 0d 8 0.87mi
57 Grand St New Rochelle, NY — 1.0 695 $2,500 $3.60 73d 1 0.88mi
245 Main St Unit 1 New Rochelle, NY 1.0 1.0 750 $1,750 $2.33 158d 1 0.89mi
666 Pelham Rd Apt 2C New Rochelle, NY — 1.0 500 $1,900 $3.80 3d 1 0.96mi
666 Pelham Rd Apt 3A New Rochelle, NY 1.0 1.0 750 $2,350 $3.13 184d 1 0.96mi
95 Washington Ave Unit 1R New Rochelle, NY — 1.0 400 $1,700 $4.25 165d 1 0.96mi
53 1st St New Rochelle, NY 1.0 1.0 700 $2,300 $3.29 96d 1 0.97mi
50 Guion Pl New Rochelle, NY — 1.0 450 $1,635 $3.63 3d 1 1.01mi
50 Highland Ave Unit 3rd Floor New Rochelle, NY 1.0 1.0 650 $1,950 $3.00 104d 1 1.01mi
80 Guion Pl New Rochelle, NY — 1.0 450 $1,640 $3.64 1d 1 1.06mi

Property features AI

Finance

HOA & community
Cooperative community

Exterior

Parking
Assigned parkingGarage availableParking lotWaitlist for parking
Utilities
Public sewerNatural gas availablePhone service availableSewer connectedPublic trash collectionWater connected
Home design
Stock cooperative
Construction
Brick and frame construction
Exterior features
Not on waterfrontBrick and frame construction

Interior

Kitchen
DishwasherMicrowaveOvenRangeRefrigeratorStainless steel appliances
Bedrooms
3 rooms total (includes bedrooms and living spaces)
Bathrooms
1 full bathroom
Heating & cooling
Radiant heatingNo cooling system
Interior features
First-floor bedroomFirst-floor full bathroomCeiling fansEntrance foyerKitchen islandOpen kitchenQuartz or quartzite counters
Laundry & utility
No specific in-unit laundry listed

Listing history 50 events

  1. 2026-11-08
    days on market $210,000 Active 52 DOM
  2. 2026-11-07
    days on market $210,000 Active 51 DOM
  3. 2026-11-06
    days on market $210,000 Active 50 DOM
  4. 2026-11-05
    days on market $210,000 Active 49 DOM
  5. 2026-11-04
    days on market $210,000 Active 48 DOM
  6. 2026-11-02
    days on market $210,000 Active 46 DOM
  7. 2026-11-01
    days on market $210,000 Active 45 DOM
  8. 2026-10-31
    days on market $210,000 Active 44 DOM
  9. 2026-10-30
    days on market $210,000 Active 43 DOM
  10. 2026-10-29
    days on market $210,000 Active 42 DOM
  11. 2026-10-28
    days on market $210,000 Active 41 DOM
  12. 2026-10-27
    days on market $210,000 Active 40 DOM
  13. 2026-10-26
    days on market $210,000 Active 39 DOM
  14. 2026-10-25
    days on market $210,000 Active 38 DOM
  15. 2026-10-24
    days on market $210,000 Active 37 DOM
  16. 2026-10-23
    days on market $210,000 Active 36 DOM
  17. 2026-10-22
    days on market $210,000 Active 35 DOM
  18. 2026-10-21
    days on market $210,000 Active 34 DOM
  19. 2026-10-20
    days on market $210,000 Active 33 DOM
  20. 2026-10-19
    days on market $210,000 Active 32 DOM
  21. 2026-10-18
    days on market $210,000 Active 31 DOM
  22. 2026-10-17
    days on market $210,000 Active 30 DOM
  23. 2026-10-16
    days on market $210,000 Active 29 DOM
  24. 2026-10-15
    days on market $210,000 Active 28 DOM
  25. 2026-10-14
    days on market $210,000 Active 27 DOM
  26. 2026-10-13
    days on market $210,000 Active 26 DOM
  27. 2026-10-12
    days on market $210,000 Active 25 DOM
  28. 2026-10-11
    days on market $210,000 Active 24 DOM
  29. 2026-10-10
    days on market $210,000 Active 23 DOM
  30. 2026-10-09
    days on market $210,000 Active 22 DOM
  31. 2026-10-08
    days on market $210,000 Active 21 DOM
  32. 2026-10-07
    days on market $210,000 Active 20 DOM
  33. 2026-10-06
    days on market $210,000 Active 19 DOM
  34. 2026-10-05
    days on market $210,000 Active 18 DOM
  35. 2026-10-04
    days on market $210,000 Active 17 DOM
  36. 2026-10-03
    days on market $210,000 Active 16 DOM
  37. 2026-10-02
    days on market $210,000 Active 15 DOM
  38. 2026-10-01
    days on market $210,000 Active 14 DOM
  39. 2026-09-30
    days on market $210,000 Active 13 DOM
  40. 2026-09-29
    days on market $210,000 Active 12 DOM
  41. 2026-09-28
    days on market $210,000 Active 11 DOM
  42. 2026-09-27
    days on market $210,000 Active 10 DOM
  43. 2026-09-26
    days on market $210,000 Active 9 DOM
  44. 2026-09-25
    days on market $210,000 Active 8 DOM
  45. 2026-09-24
    days on market $210,000 Active 7 DOM
  46. 2026-09-23
    days on market $210,000 Active 6 DOM
  47. 2026-09-22
    days on market $210,000 Active 5 DOM
  48. 2026-09-21
    days on market $210,000 Active 4 DOM
  49. 2026-09-20
    days on market $210,000 Active 3 DOM
  50. 2026-09-19
    days on market $210,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$26,996
− Mortgage interest
−$11,763
− Property taxes
−$3,150
− Insurance
−$1,050
− Repairs & maintenance
−$2,160
− Management
−$2,160
− Depreciation
−$6,109
Taxable income
$604
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$145
After-tax cash flow
$3,766/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $3,500–$10,500 screening

This one-bedroom apartment in a desirable location is in good condition with minimal repairs needed. It offers a good return on investment with potential for value increases through cosmetic updates.

Value-add opportunities

  • Both Painting exterior brick — Enhances curb appeal and can increase property value ↑
  • Both Landscaping improvements — Enhances curb appeal and can increase property value ↑
  • Both New flooring in kitchen and bathrooms — Modernizes the space and can increase property value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 59/100

Zoned Schools

Elementary Trinity Elementary School F NY #1,350/2,108 Nat'l #17,359/41,679 Middle Isaac E Young Middle School B- NY #214/729 Nat'l #2,564/14,009 High New Rochelle High School A- NY #518/1,100 Nat'l #1,121/17,239

Schools (NCES district)

District
New Rochelle City School District
NCES district ID
3620490
Math proficiency
63% ▲ 3.00%
Reading proficiency
66% ▲ 9.00%
Median HH income
$69,165
Composite
56.63/100
National rank
#1139
State rank
#171 of 590 in NY
C Composite livability gradescore 69/100

Livability — New Rochelle

Score
69/100
State rank
#487
US rank
#8572

Category grades

Amenities B+ Commute F Cost of living F Crime A Employment A+ Housing D+ Health & safety B+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
New Rochelle, NY
County
Westchester County · 1,028,035 people
City population
63,657
Metro
New York-Newark-Jersey City, NY-NJ-PA
Population (ZIP)
20,903
Household income
$102,109
Rent vs Own
53.9% rent · 46.1% own
Severe rent burden
16% of renters

Population outlook (Westchester County) Hauer SSP2

Today (2025)
1,028,035 people
By 2030
1,051,636 · +2.3%
By 2040
1,098,520 · +6.9%
By 2050
1,136,044 · +10.5%
By 2075
1,196,925 · +16.4%
By 2100
1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.67)
Race & ethnicity
Hispanic / Latino 39% White 38% Black 17% Two or more races 13% Asian 4%
Hispanic origin (detail)
Mexican 15% Puerto Rican 11% Dominican 2%
Languages at home
54% English-only · Spanish 32% Other Indo-European 7% German/W. Germanic 2%

Political lean MEDSL · Westchester

2024 margin
Strong D (+26.3) · D 63.1% · R 36.9%
2008→2024 swing
-1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
All cycles
2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

Civics
—

Price history

-12.5% since first listed
4 events — show timeline
  • 2026-09-15 Listed $210,000 OneKey® MLS as Distributed by MLS Grid
  • 2026-08-24 Listing Removed — OneKey® MLS as Distributed by MLS Grid
  • 2026-06-10 Price Changed $238,000 OneKey® MLS as Distributed by MLS Grid
  • 2026-03-08 Listed $240,000 OneKey® MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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